Greeks Go Wild, to Vote on Austerity
Greek Prime Minister George A. Papandreou will risk destroying his country’s bailout by other nations in the eurozone. He will offer a referendum on the austerity package meant to save Greece from default. He…
All Work
Douglas A. McIntyre
A Word From Those Who Still Think the Economy Is Doomed
The International Labour Organization warned in its “World of Work” report that “a stalled global economic recovery has begun to dramatically affect labour markets.” A major labor body has an incentive to make such…
Yahoo! Stock Back Where It Started
Yahoo!’s (NASDAQ: YHOO) shares are back where they started the year. There has been a great deal of information released by the portal company since then. Wall St. should know much more about the…
Media Digest (11/1/2011) Reuters, WSJ, NYTimes, Bloomberg
Greeks will vote on planned austerity, which could wreck the chances of a conclusion to the bailout. (Reuters) China’s PMI falls to the lowest level since early 2009. (Reuters) Chemical and defense companies hit…
When Will Gary Rodkin Push Andrea Jung Out As CEO Of Avon?
Gary Rodkin, the CEO of ConAgra Foods, is the only member of the Avon Products (NYSE: AVP) board who has the power to convince his fellow board members to force the resignation of long-time…
Today’s Best Market Rumors (10/31/2011) Groupon’s Low Cash, MF Global Bankruptcy?
Updated throughout the day The US government could delay its sale of AIG (NYSE: AIG) shares until their price improves (WSJ) MF Global may sell assets to Interactive Brokers Group as it faces Chapter…
Why American Car Sales Must Go Up
Auto sales are likely to remain strong in the U.S. However, the stock prices of General Motors (NYSE: GM) and Ford (NYSE: F) are down 30% so far this year. October domestic car sales…
Will Bank of America Back Away From Its Debit Card Fee?
Bank of America (NYSE: BAC) may not put the monthly $5 debit card fee it planned into place after all. The monthly toll was to be charged to customers who use the cards for…
A World Where the Recession Will Not End
The recession never ended for most consumers, not just in the U.S. but around the world. If consumer expenditures do not accelerate in the future, the recession will last longer. In this case, perception…
Media Digest (10/31/2011) Reuters, WSJ, FT, Bloomberg
Japan acts to lower the yen before the upcoming G20 meeting. (Reuters) Beacon Power (NASDAQ: BCON), backed by U.S. funds, goes bankrupt. (Reuters) Young and well-educated Greeks begin to leave the country. (Reuters) Panasonic…
The Myth About Lower Oil Prices
Oil prices are about $93 now. That is down from well over $100 a quarter ago, but is still not low enough to bolster the economy much. Consumers and many businesses are in too…
The Twenty-Five Most Valuable Blogs In America – 2011
After years in the shadows of major media sites, blogs have come into their own. They now compete directly with the most well-funded online content sites, many of which are owned by the largest…
Third Quarter 2011 Selected Financial/Operational Metrics For Major US Airlines
AMRComments as noted: Net profit/loss UAL = $773M DAL = $765M ALK = $131M LUV = $122M LCC = $ 95M JBLU = $ 38M AMR = -($162M) While most of the carriers have…
The Financial World Today: What’s Important (10/30/2011) Walmart Cuts Hours, Nook Trouble
Walmart (NYSE: WMT) will begin to cut hours at some of its 24-hour stores, a sign of flagging traffic as the holiday retail period begins. Walmart has been in the process of rebuilding its…
The Most Important Financial News (10/29/2011) YouTube Channels, HP Downgrade
Google’s (NASDAQ: GOOG) YouTube will launch 100 premium channels, in what will be the start-up of a bone-crushing competitor to online video sites like Hulu and Yahoo! video. YouTube’s size in terms of monthly…
The American Cities Where Mortgages Are Staying Afloat
President Obama recently announced he would extend the nation’s mortgage refinancing program in an effort to provide relief to homeowners whose mortgages are worth more than the value of their homes. With 11 million…
Today’s Best Market Rumors (10/28/2011) Amazon In China, RIM In India
Updated throughout the day. Amazon.com (NASDAQ: AMZN) may launch the Kindle in China (Reuters) Research In Motion (NASDAQ: RIMM) will set up a surveillance network to track Blackberry messages in India (Reuters) The ESFS…
World Running Out of Water
The world is low on water, from the standpoint of supply needed for human use, and the problem has grown rapidly. Worse still, the problem has no ready solution — and probably has no…
Spain’s Unemployment Rate at 21.5% as Europe Flounders
Spain’s unemployment rate reached 21.5% in the third quarter. It is an example of the huge barriers economies in the region face. These barriers make the chances of balancing nations’ budgets nearly impossible. That,…
Can the Chinese Save Saab?
Two Chinese car companies are about to buy Saab, but that hardly ensures that anyone will purchase cars from the nearly defunct manufacturer. “Zhejiang Youngman Lotus Automobile and Pang Da Automobile Trade have agreed…